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Decred blockchain introduces new cross-chain, SPV-based wallet: GoDCR

Decred (DCR), a blockchain-based cryptocurrency with a strong focus on community input, today announced the launch of GoDCR, a cross-platform GUI wallet built using Golang and Gio. GoDCR has privacy-preserving Simplified Payment Verification (SPV), which is an enhanced privacy feature not commonly available in lightweight wallets. Privacy-preserving SPV does not share personal transaction information with […]

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Crypto News

Join The Gensokishi Online Closed Alpha For Massive Rewards

Gensokishi Online, the metaverse version of the 3D MMORPG game, “Elemental Knights”, is giving NFT investors the chance to earn massive rewards. Elemental Knights which has been in existence for more than 13 years has amassed a community of more than 8 million players and is now bringing this massive game to the metaverse. Users have a chance to be a part of Gensokishi Online by registering for its closed alpha. Maxi Kuan, CEO of GensoKishi Online, says “In the closed alpha, NPCs, background models, equipment, Monsters etc. will also be renewed, and the graphics will be improved to be suitable for the latest games. We are already working on resources to improve the graphics, but it will take dedicated converter development to incorporate them into the actual game, so we cannot yet show you the improved graphics in the alpha version, but we plan to release them in the beta version. We hope that everyone will take this opportunity to experience the Metaverse GameFi project as never before.” This closed alpha will see a select few get the chance to be a part of the testing period that will end with limited edition NFTs being awarded to the participants. Applications for joining the closed alpha have been announced. It will take place in a lottery-style system where users sign up for the Closed Alpha Bronze Tickets. Winners of this lottery will be provided exclusive access to the Gensokishi Online Closed Alpha Test. At the end of the testing period, players will be ranked on a point system using the “Alpha Hunter’s Certificate” which will drop at a certain probability rate when players defeat monsters during in-game play. The top 10 ranking players at the end will receive limited edition NFTs. The other players are not left out though. The top 11 to 100 players will also receive a limited edition NFT at the end of the testing phase. How To Apply For Gensokishi Closed Alpha Applications for the Gensokishi Online Closed Alpha Bronze Ticket lottery is already ongoing. Interested players are required to complete a number of tasks on the Gensokishi Online website and then submit their application using the application form provided on the site. The purpose of the closed alpha is to help determine the economic balance of the game, and the level design, and to help identify any problems and test the game server before the launch. The alpha version is playable only on Desktop, but Mobile support is planned for beta and beyond. Applications have begun pouring in since launch on May 3rd and will continue to May 17, which is the end date, at 23:59 GMT+8. Players should note that applications submitted after the closing date will not be accepted. The ticket distribution date is also subject to change so make sure to follow announcements for updates on this. At the end of the testing period, players are able to exchange their tickets for the “Gensokishi Fan Club Membership Card.” It is very worthwhile to participate in the alpha version of the game, as the possession of a Gensokishi Online Fan Club membership card entitles the holder to various benefits after the release of the game. Taking Metaverse Gaming By Storm Gensokishi benefits greatly from the popularity and confidence that has been generated by Elemental Knight over its more than a decade in operation. However, the metaverse game itself has made some significant strides. In just 20 days, the community grew to more than 100,000 members and now sits at over 230,000 community members. It also set the record for the fastest project ever launched by Trustpad after selling out in 20 seconds. Its launch on crypto exchange Bybit saw a record 65,000 participants stake more than $220 million to earn $MV tokens, the official token of Gensokishi Online. It is the most widely held token behind MATIC tokens on the Polygon network. Gensokishi Online has made its mark as a formidable contender in the metaverse gaming space and it is only beginning.  

Crypto News

How Poor User Experiences Lower the Market Cap for NFTs

Interest in the revolutionary technology “NFTs” has been growing over the last few years; in many countries, it peaked last year, in others, such as Singapore and the United Arab Emirates, the NFT boom is now.  as interest grows, so does the number of people hearing about and buying NFTs reaching well beyond the world of crypto enthusiasts. Since the real hurdle to expanding a market is turning curious people into investors in order to raise the market cap of NFTs, it’s the new investors that need to be supported. The problem is that the current poor user experiences in the NFT space are pushing away new investors and lowering the market cap. Research shows that the barriers to NFT adoption are reliability, education and necessity. These barriers have severely limited the adoption of NFTs. One columnist for The Daily Eastern News claims that NFTs are “really confusing”, while other writers criticize NFT marketplaces for being too technical, confusing and fragmented across Web 3.0. Among the different marketplaces, many have attempted to remove barriers to entry for new NFT investors. One such example is Opensea which added MoonPay as an option to purchase cryptocurrencies. By using MoonPay, an investor can directly add funds and purchase NFTs through their app. However, MoonPay is banned in numerous countries and states. Other issues include lack of education, reliability and support. Currently, no marketplace offers a solution to any barrier, let alone all of them. The real challenge for users is that NFTs marketplaces are all on separate blockchains, which creates a huge fragmentation of communities, fanbases, art and assets. Therefore, what is urgently needed to raise the market capitulation of the NFT space is an all-in-one platform that removes barriers and then educates and supports new users. Enter Ludo, a revolutionary all-in-one Web 3.0 app for play-to-earn projects and NFTs. Ludo aims to be the gateway to the metaverse and all things NFT. Using the platform users can discover, collect, showcase, promote and earn. Ludo is aware there are barriers to NFT adoption and aims to remove them all, as shown in their Manifesto, which states: “At Ludo, we don’t simply want to be part of this New Renaissance. We want to shape it.”. The question is, how is Ludo tackling the barrier to NFT adoption and thus raising the NFT market capitulation? Reliability Ludo removes the inaccessible nature of other marketplaces by creating a hub of all things NFT. Instead of a user being separate from other marketplaces, creators and buyers, Ludo offers a platform that displays information from every marketplace. With Ludo, a user’s first NFT experience is simplified to accessing their app and finding the NFT they want. There’s no need to search across blockchains to search for a marketplace. Education Ludo provides a clean and sleek interface that is clearly labeled and newcomer-friendly. The app avoids technical jargon and explains terms in simplified ways, such as concert ticket NFTs and gaming NFTs labeled as ‘experiences. Further, the search tools are simplified with filters such as blockchain, cost and type. The NFTs have clear icons dictating NFT price, blockchain and other important information. Information on NFTs is compiled, allowing users to educate themselves and learn more. Necessity NFT-based content is rapidly growing as music, gaming, metaverses and physical assets join the market. The necessity comes from the growing fragmentation of the NFT space. As iterated previously, Ludo provides an an-all-in-one hub of information, creation, advertisement, community and content. As the NFT market grows, so does the need for Ludo. Thus, Ludo removes every barrier by offering a seamless and necessary platform that is reliable, educational and supportive. By providing a high-quality, accessible and supportive platform, Ludo provides greatly enhanced user experiences. Resulting in new investors who are more likely to stay, purchase and grow the NFT market. The poor user experiences of newcomers are a thing of the past as Ludo supports the growing NFT market capitulation. Find out more about Ludo and apply to be an alpha tester on their website here.   Image: Pixabay

Crypto News

First Fractionalized NFT on Tier 1 Exchange

The Doge NFT, PleasrDAO, and Amber Group partner up to make NFTs more accessible PleasrDAO, a collective of DeFi leaders, early NFT collectors and digital artists today announced a partnership between Amber Group and world’s most famous meme, The Doge NFT (fractionalized into DOG as a first-class ticket to entertainment), to bring greater accessibility to the rapidly growing fractionalized NFT ecosystem. As part of this work, Amber Group is excited to work with The Doge NFT (DOG) as it launched on Huobi, the #5 largest crypto exchange in the world according to CoinGecko, on March 29. The partnership aims to address a key challenge unique to the NFTs – the lack of accessibility. The expensive nature of NFTs presents challenges for fans, collectors, and potential community members who often lack the capital to participate in the NFT marketplace. Amber Group’s relationships put it in a unique position to bring greater convenience into the NFT ecosystem, enabling the fractionalizing of NFTs. Through fractionalization, NFTs can be owned by multiple individuals, creating openness for a broader segment of crypto enthusiasts who would otherwise not be able to participate in the trading of NFTs. PleasrDAO turned one year old in March 2022 making it one of the longest-running DAOs and was formed when its members purchased pplpleasr’s Uniswap V3 “x*y=k” animation for 310 ETH. The NFT depicts a pink unicorn making its way towards an Ethereum logo-cradling oasis. Foreshadowing at its finest. Since then, PleasrDAO has collected other big-ticket items — all linked to what it describes as “culturally significant” ideas and causes. This includes the original Doge meme turned NFT from the owner of Kabuso in Japan and the one-of-a-kind unreleased Wu-Tang Clan album Once Upon a Time in Shaolin purchased from the US government. PleasrDAO last raised an undisclosed sum from a16z and top crypto investors in December. “Amber Group moved quickly and thoughtful providing us with doge-class service,” explains Tridog, head of The Doge NFT project.” We are excited to allow easier access to our tokenized community and first class ticket to dogentertainment.” “NFTs are integral to the broader digital asset ecosystem, and greater accessibility to NFTs will undoubtedly accelerate the overall awareness and growth of the entire industry,” said Tiantian Kullander, Co-founder of Amber Group. “We’re excited to partner with PleasrDAO in bringing this convenience to fractionalized NFTs. We have every confidence that with this partnership, PleasrDAO will catalyze greater experimentation and innovation of digital art and communal ownership. We are looking forward to transforming the NFT ecosystem together.”